Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Riot Platforms Inc shares valued at $567,000 were sold by Les Jason on Dec 10 ’24. At $11.34 per share, Les Jason sold 50,000 shares. The insider’s holdings dropped to 1,019,911 shares worth approximately $12.19 million following the completion of this transaction.
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Also, Jason Les purchased 150,000 shares, netting a total of over 1,681,500 in proceeds.
Before that, Cho Hannah had sold 10,025 shares from its account. In a trade valued at $126,023, the Director traded Riot Platforms Inc shares for $12.57 each. Upon closing the transaction, the insider’s holdings decreased to 10,025 shares, worth approximately $0.85 million.
As published in their initiating research note from Piper Sandler on December 17, 2024, Riot Platforms Inc [RIOT] has been an Overweight and the price target has been revised to $23. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of July 24, 2024, Needham has reiterated its “Buy” rating for RIOT. Earlier on December 08, 2023, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for RIOT stock which previously was a “an Underweight”.
Analyzing RIOT Stock Performance
During the last five days, there has been a surge of approximately 1.53%. Over the course of the year, Riot Platforms Inc shares have dropped approximately -22.75%. Shares of the company reached a 52-week high of $18.36 on 02/27/24 and a 52-week low of $6.36 on 09/06/24. A 50-day SMA is recorded $11.25, while a 200-day SMA reached $10.00. Nevertheless, trading volume fell to 40.55 million shares from 37.53 million shares the previous day.
Support And Resistance Levels for Riot Platforms Inc (RIOT)
According to the 24-hour chart, there is a support level at 11.07, which, if violated, would cause prices to drop to 10.19. In the upper region, resistance lies at 13.41. The next price resistance is at 14.87. RSI (Relative Strength Index) is 49.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.86, which suggests the price will decrease in the coming days. Percent R is at 69.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
